Singapore-based Huobi, the world’s third largest crypto-currency exchange, has just announced that it is now listing the Stellar Lumens (XLM) currency.
According to a press released published on the Huobi website, as of July 25th 08h30 (GMT) the exchange has been hosting XLM trading pairs with both Bitcoin and Ethereum. Further trading pairs are expected to follow in due course.
Stellar’s Increasing Visibility
Last week was arguably the Stellar project’s most memorable week on record since its initial launch in 2014.
Having been shortlisted by Coinbase as a possible candidate as an integrated base trading currency for the US’ largest crypto-currency platform and subsequently approved as the first Sharia-compliant crypto-currency in the Middle East, the project has been gathering both momentum and visibility in its bid to become the platform of choice for blockchain-based international payments.
And this week, Stellar – an open blockchain project guided by the Stellar Foundation and which pins its technology on P2P fiat-to-crypto and crypto-to-crypto payments solutions – appears to be keeping up with the momentum.
XLM is currently trading at around $0.30, 50% up on its valuation at the beginning of July, outperforming Bitcoin’s own bull run over the same period.